BoC

The June 2023 BOC statement is comin’ right up! With the BOC likely to announce a “hawkish hold” and the RBNZ approaching the end of its hiking cycle, is NZD/CAD in for a breakdown soon? As you can see from the hourly chart below, the…

Anyone down for a simple trend correction play on a Loonie pair? CAD/JPY has been forming higher lows for the past few weeks, and it looks like another test of support is in the works. Check out these neat retracement levels ahead of the…

Will the Bank of Canada keep rates on hold for the third time in a row? Here’s an event guide for their upcoming BOC policy decision. Event in Focus: Bank of Canada (BOC) Monetary Policy Statement When Will it Be Released: June 7, 2023…

With the BOC decision and Canadian jobs data coming up, I’m looking at this textbook setup on a Loonie pair this week. While the Canadian dollar is enjoying some bullish action thanks to rising oil prices after the OPEC decision, buyers…

Share: USD/CAD has slipped sharply below 1.3500 amid a sharp recovery in the oil price upside exhaustion in…

CANADIAN DOLLAR FORECAST:Canadian dollar gains as sticky inflation raises the risks of further BoC's rate hikesCanada’s April inflation accelerates to 4.4% y-o-y from 4.1% y-o-y, three-tenths of a percent above market expectationsThis…

Share: USD/CAD is eyeing more weakness below 1.3370 as Canada’s upbeat job data might force the BoC to…

Share: Risk sentiment has soured as banking worries resurface, resulting in a resurgence in the US Dollar.…

USD/CAD ANLAYSISCanada’s inflation report aided the loonie against the USD.Chinese GDP endorsed the crude oil rally, leaving the CAD bid for most of the European session.Key technical zone being tested with breakout potential. Trade…

Share: The Bank of Canada´s Governor Tiff Macklem said in an opening statement before the House of Commons…